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NJ Regulator Says Straub Can't Take Revel's Casino License

By Jonathan Randles (April 27, 2015, 7:17 PM EDT) -- Real estate tycoon Glenn Straub, the new owner of the shuttered Revel Casino Hotel in Atlantic City, is facing another obstacle in his bid to reopen the property after New Jersey's gaming regulator told a bankruptcy court Monday that state law prohibits his company from assuming Revel's casino license from the previous owner....

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